Categories Earnings, LATEST, Retail

Express, Inc. (NYSE: EXPR): Q3 2019 Earnings Snapshot

— Apparel retailer Express, Inc. (NYSE: EXPR) reported an adjusted loss of $0.03 per share for the third quarter of 2019, vs. $0.09 per share loss expected.

— Net loss was $3.1 million, or $0.05 per share, compared to net income of $8.0 million, or $0.11 per share in the third quarter of 2018

— Net sales decreased 5% to $488.5 million from $515.0 million in the year-ago quarter, vs. $483.25 million expected

— Total retail sales decreased to $356.8 million from $388.8 million in the third quarter of 2018; comparable retail sales, including Express stores and e-commerce, decreased 5%

— Repurchased a total of 16.4 million shares for $116.0 million under the buyback program, including 2.8 million shares for $8.7 million in the third quarter

— Expects comparable sales to drop 1% to 3% in the fourth quarter; sees Q4 net earnings in the range of $0.16-$0.21 per share

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

Netflix (NFLX): Four reasons why this leader will not be easy to overthrow

Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also

Fastenal (FAST) sees strong post-COVID prospects: Is the stock a buy?

The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,

HEXO Corp. (HEXO) Earnings: 3Q21 Key Numbers

HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top